Firan Technology Group (TSE:FTG) Director Sells C$104,704.00 in Stock

Firan Technology Group Co. (TSE:FTG) Director Brandon Kuecker sold 3,272 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of C$32.00, for a total value of C$104,704.00. Following the completion of the sale, the director owned 10,986 shares in the company, valued at C$351,552. This trade represents a 22.95% decrease in their position.

Firan Technology Group Trading Down 3.9%

Shares of FTG stock opened at C$33.11 on Wednesday. The stock has a market cap of C$833.48 million, a price-to-earnings ratio of 37.62 and a beta of 1.66. The stock has a 50-day moving average of C$24.49 and a 200-day moving average of C$23.00. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 20.05. Firan Technology Group Co. has a 1-year low of C$9.92 and a 1-year high of C$35.25.

Firan Technology Group (TSE:FTG) last issued its quarterly earnings data on Wednesday, October 7th. The company reported C$0.41 earnings per share (EPS) for the quarter. Firan Technology Group had a return on equity of 21.62% and a net margin of 10.22%. The company had revenue of C$64.10 million during the quarter. On average, equities research analysts forecast that Firan Technology Group Co. will post 0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

FTG has been the topic of a number of recent analyst reports. ATB Cormark Capital Markets boosted their price target on shares of Firan Technology Group from C$30.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Friday, October 9th. Raymond James Financial decreased their price objective on shares of Firan Technology Group from C$38.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$35.00.

Firan Technology Group Company Profile

FTG is an aerospace and defence electronics product and subsystem supplier to customers around the globe. FTG has two operating units: FTG Circuits: A manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defence, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill, Massachusetts, and a joint venture in Tianjin, China. FTG Aerospace: Designs, certifies, manufactures, and provides in-service support for illuminated cockpit products and electronic assemblies for original equipment manufacturers and operators of aerospace and defence equipment.